Total Private Construction Spending: Commercial in the United States
PRCOMCONS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112,698.00
Year-over-Year Change
-10.88%
Date Range
1/1/1993 - 6/1/2025
Summary
The Total Private Construction Spending: Commercial trend measures the value of new commercial construction projects in the United States. This metric is a key indicator of economic activity and investment in the private sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Private Construction Spending: Commercial data tracks the total dollar value of new private commercial construction projects, including office buildings, retail spaces, warehouses, and other non-residential structures. This measure provides insight into business investment and growth across the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of construction firms and building permit applications.
Historical Context
Economists and policymakers monitor this trend to assess the health of the commercial real estate market and broader economic conditions.
Key Facts
- Commercial construction accounts for over 50% of total private construction spending in the U.S.
- The commercial construction industry employs over 7 million workers nationwide.
- New commercial projects generate significant economic activity and tax revenue for local communities.
FAQs
Q: What does this economic trend measure?
A: The Total Private Construction Spending: Commercial trend measures the total dollar value of new private commercial construction projects in the United States, including office buildings, retail spaces, warehouses, and other non-residential structures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into business investment, economic growth, and the health of the commercial real estate market, making it a key indicator monitored by economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of construction firms and building permit applications.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely follow this trend to assess broader economic conditions and shape policies that support business investment and growth.
Q: Are there update delays or limitations?
A: The Total Private Construction Spending: Commercial data is released monthly by the U.S. Census Bureau, with a typical 1-2 month delay from the reference period.
Related Trends
Total Public Construction Spending: Residential in the United States
PBRESCONS
Total Private Construction Spending: Office in the United States
PROFCONS
Total Private Construction Spending: Transportation in the United States
PRTRANSCONS
Total Public Construction Spending: Highway and Street in the United States
PBHWYCONS
Total Construction Spending: Transportation in the United States
TLTRANSCONS
Total Public Construction Spending: Nonresidential in the United States
MPCPNRXXS
Citation
U.S. Federal Reserve, Total Private Construction Spending: Commercial in the United States (PRCOMCONS), retrieved from FRED.